On December 15, 1999, the face amount of marketable U.S. government securities held in custody by theFederal Reserve Banks for foreign official and international accounts was 624,582 million, a change of -$ 334 million for the week. The total includes the face value of U.S. Treasury strips and other zerocoupon bonds.1 Face value of the securities.2 Net of $ 16,830 million (daily average over statement week) and $ 18,505 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,830 million (daily average) and $ 18,505 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 370 million (daily average) and $ 1,225 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.3 Includes $ 5,476 million of inflation-indexed securities valued at the original face amount and $ 223 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.5 Consists of required clearing balances of $ 6,857 million and adjustments of $ 481 million to compensate for float.6 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Note: on December 15, 1999, option contracts on repurchase agreements were outstanding as follows:$ 114 million with exercise dates from December 23, 1999 through December 29, 1999;$ 223 million with exercise dates from December 30, 1999 through January 5, 2000; and$ 144 million with exercise dates from January 6, 2000 through January 12, 2000. Further details on these contractscan be found on the website of the Federal Reserve Bank of New York (http://www.newyorkfed.org/pihome/news/announce).

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday Dec 15, 1999

Wednesday Dec 8, 1999

Wednesday Dec 16, 1998

Gold certificate account

11,049

+ 1

+ 8

Special drawing rights certificate account

6,200

- 1,000

- 3,000

Coin

231

+ 3

- 168

Loans

1,319

+ 1,221

+ 1,160

Acceptances

0

0

0

Repurchase agreements -- triparty (1)

60,665

+ 13,640

+ 60,665

Federal agency obligations (2)

Bought outright

181

0

- 157

Held under repurchase agreements

0

0

- 7,181

U.S. government securities (2)

Bought outright--Bills

197,194

- 2,039

- 477

Notes (3)

214,756

+ 1,483

+ 26,865

Bonds (4)

82,977

+ 739

+ 13,504

Total bought outright (5)

494,927

+ 183

+ 39,892

Held under repurchase agreements (1)

0

0

- 5,702

Total U.S. government securities

494,927

+ 183

+ 34,190

Total loans and securities

557,092

+ 15,044

+ 88,677

Items in process of collection

(736)

8,925

- 33

+ 174

Bank premises

1,355

+ 1

+ 59

Other assets (6)

32,793

+ 712

- 704

TOTAL ASSETS

(736)

617,645

+ 14,728

+ 85,045

LIABILITIES

Federal Reserve notes

570,047

+ 8,451

+ 85,870

Reverse repurchase agreements -- triparty (1)

0

0

0

Deposits

Depository institutions

12,827

+ 2,638

- 1,835

U.S. Treasury--general account

7,777

+ 2,650

- 851

Foreign--official accounts

496

+ 318

+ 326

Other

(0)

224

+ 10

- 39

Total deposits

(0)

21,323

+ 5,614

- 2,399

Deferred availability cash items

(736)

7,927

+ 458

+ 192

Other liabilities and accrued dividends (7)

4,616

+ 159

+ 139

TOTAL LIABILITIES

(736)

603,914

+ 14,682

+ 83,802

CAPITAL ACCOUNTS

Capital paid in

6,398

- 14

+ 456

Surplus

5,952

0

+ 732

Other capital accounts

1,381

+ 61

+ 56

*Figures in parentheses are the eliminations made in the consolidation process.1 Cash value of agreements arranged through third-party custodial banks.2 Face value of the securities.3 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 175 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 48 million of compensation that adjusts for the effects of inflation on the principal of such securities.5 Net of $ 18,505 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,225 million that are fully collateralized by otherU.S. government securities.6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.7 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 15, 1999Holdings of securities include securitites held under repurchase agreements, which are classified accordingto remaining maturity.

Millions of dollars

U.S. government securities (1,2)

Federal agency obligations(2)

Loans

Holdings

Weekly changes

Holdings

Weekly changes

Repurchase Agreements Triparty(3)

Reverse Repurchase Agreements Triparty(3)

Within 15 days

1,039

10,891

- 4,254

0

0

6,285

0

16 to 90 days

51

102,817

- 2,585

31

0

54,380

0

91 days to 1 year

229

140,175

+ 4,800

20

0

------

------

Over 1 to 5 years

123,671

+ 1,257

10

0

------

------

Over 5 to 10 years

51,104

+ 583

120

0

------

------

Over 10 years

66,269

+ 383

0

0

------

------

Total

1,319

494,927

+ 183

181

0

60,665

0

1 Includes $ 5,476 million of inflation-indexed securities valued at the original face amount and $ 223 million of compensation that adjusts for the effects of inflation on the principal of such securities.2 Includes face value of securities held under repurchase agreements classified by the remaining maturity of the agreements.3 Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of the agreements.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 15, 1999Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,049

533

4,436

319

566

834

724

993

337

140

313

575

1,279

Special drawing rights certif. acct.

6,200

307

2,431

187

299

516

450

549

175

78

175

341

692

Coin

231

6

12

11

15

36

27

28

11

12

19

18

35

Loans

1,319

16

306

3

236

35

184

21

166

13

28

2

310

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Repurchase Agreements -- triparty(1)

Federal agency obligations(2)

Bought outright

181

9

72

5

10

14

11

17

6

2

5

9

19

Held under repurchase agreements

0

0

0

0

0

0

0

0

0

0

0

0

0

U.S. government securities(2)

Bought outright--Bills

197,194

10,198

78,532

5,906

11,415

14,835

12,003

18,521

6,487

2,358

5,913

9,826

21,202

Notes (3)

214,756

11,106

85,526

6,432

12,431

16,156

13,072

20,170

7,064

2,568

6,440

10,701

23,090

Bonds (4)

82,977

4,291

33,045

2,485

4,803

6,242

5,051

7,793

2,729

992

2,488

4,135

8,921

Total bought outright(5)

494,927

25,594

197,102

14,824

28,649

37,233

30,126

46,484

16,280

5,919

14,842

24,661

53,213

Held under repurchase agreements

0

0

0

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

494,927

25,594

197,102

14,824

28,649

37,233

30,126

46,484

16,280

5,919

14,842

24,661

53,213

Total loans and securities

557,092

25,620

258,146

14,832

28,895

37,282

30,321

46,521

16,453

5,935

14,875

24,671

53,542

Items in process of collection

9,662

521

1,122

623

470

562

1,042

796

449

579

699

417

2,381

Bank premises

1,355

93

164

50

156

124

139

107

32

128

51

146

165

Other assets(5)

32,793

1,468

10,946

990

1,929

4,555

2,056

2,923

810

752

825

1,340

4,198

Interdistrict settlement account

0

+ 7,409

-32,660

+ 6,350

+ 669

- 3,355

+ 9,570

+17,766

+ 4,036

- 3,911

+ 2,330

-14,435

+ 6,231

TOTAL ASSETS

618,381

35,956

244,597

23,363

32,999

40,554

44,329

69,684

22,302

3,713

19,287

13,074

68,523

1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.2 Face value of the securities.3 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 175 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 48 million of compensation that adjusts for the effects of inflation on the principal of such securities.5 Net of $ 18,505 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,225 million that are fully collateralized by other U.S. government securities.6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.

Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 15, 1999Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

570,047

33,587

228,181

22,003

30,287

35,070

41,122

65,771

20,768

2,185

17,800

11,403

61,871

Reverse repurchase agreements--triparty(1)

0

0

0

0

0

0

0

0

0

0

0

0

0

Deposits

Depository institutions

12,827

1,033

2,488

403

1,136

957

975

1,503

768

414

526

590

2,034

U.S. Treasury--general account

7,777

0

7,777

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

496

7

380

4

10

30

10

14

3

5

3

6

24

Other

224

0

148

0

4

62

1

1

0

1

2

2

2

Total deposits

Deferred credit items

8,663

474

1,053

373

384

639

949

731

258

549

425

375

2,455

Other liabilities and accrued dividends (2)

4,616

250

1,631

167

275

394 ;

323

438

174

95

167

234

469

TOTAL LIABILITIES

604,650

35,351

241,657

22,950

32,095

37,152

43,379

68,458

21,971

3,248

18,923

12,611

66,855

CAPITAL ACCOUNTS

Capital paid in

6,398

289

1,325

199

439

1,691

460

576

159

231

174

213

640

Surplus

5,952

267

1,208

177

399

1,238

418

583

121

202

140

227

972

Other capital accounts

1,381

49

405

37

66

473

71

66

51

32

49

24

56

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

618,381

35,956

244,597

23,363

32,999

40,554

44,329

69,684

22,302

3,713

19,287

13,074

68,523

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

824,510

42,919

326,952

31,059

39,035

55,018

62,572

79,529

26,558

11,401

24,675

36,888

87,905

Less--Held by F.R. Banks

254,463

9,332

98,771

9,056

8,748

19,948

21,450

13,758

5,791

9,217

6,875

25,484

26,034

F.R. notes, net

570,047

33,587

228,181

22,003

30,287

35,070

41,122

65,771

20,768

2,185

17,800

11,403

61,871

Collateral held against F.R. notes

Gold certificate account

11,049

Special drawing rights certificate account

6,200

Other eligible assets

0

U.S.govt. and agency securities(3)

552,799

Total collateral

570,047

1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.2 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements.